IMP POWERS LTD has bounced from a monthly trend line. Also Considering an Elliot-Wave study, it appears that the long term correction of this stock go over in its earlier upmove to 126 levels. The target from here-on is 126 levels, it can be bought with a stoploss of 77.
This is the third education series on Channel (link of Educational 01 and Educational 02 given below), In this educational post, I cover up points that provide trades opportunity in a trending channel. Steps To Follow: Step 1: Connect Two Higher High Points to Draw a Trendline Step 2: Connect Higher Lows points, take a buy call Step 3: Buy at pullback with...
It is been observed on weekly chart that the price action firstly breaks out from a downward trendline and now trending up with increasing volumes indicates change in trend and also high pressure and dominance of buyers in the current price action war. I believe it is a great investment opportunity where one can make over 28% returns within few weeks. Target:...
After two weeks of correction, this week Tata Steel has broke out and closed above 378 levels and confirmed the bullish trend. Now, it will continue its uptrend and will reach to 430 levels which is the next resistance point.